综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

chinadaily.com.cn
left corner left corner
China Daily Website

Higher QFII quota suggested

Updated: 2013-03-09 03:33
By Chen Jia ( China Daily)

The investment quota for qualified foreign institutional investors and those using renminbi should continue to expand until completely free capital flows into the stock market, a policy adviser said on Friday.

Under the framework of the Closer Economic Partnership Arrangement, a document signed between the Chinese mainland and Hong Kong to tighten commercial ties, Qianhai, in Guangdong province, will launch the pilot program for QFIIs to invest in the A-share market, said Chen Dongzheng, president of the Shenzhen Stock Exchange.

"Qianhai will also be the place to allow foreign individual investors to use renminbi to trade stocks on the mainland," said Chen, who is also a member of the country's top political advisory body.

The pilot program is likely to allow residents of Hong Kong and Macao, who can reach the investment thresholds, to buy shares on the Shanghai and Shenzhen stock exchanges, he said.

The total QFII quota has been extended to $80 billion from $30 billion and the quota for renminbi qualified foreign institutional investors, or RQFIIs, increased to 270 billion yuan ($43.4 billion) from the initial 20 billion yuan when the pilot program was launched in December 2011.

The Shanghai Composite Index, China's benchmark stock index, continued to retreat, hitting 2,318.61, a 0.24 percent decline, at Friday's close.

On Tuesday, at the opening of the 12th National People's Congress annual session, Premier Wen Jiabao pledged to continue accelerating the internationalization of the financial system and building a multi-level capital market.

The China Securities Regulatory Commission, the country's securities watchdog, permits commercial banks and securities companies in Hong Kong to join in the RQFII program, which can broaden the inflows of overseas funds to boost the mainland stock market.

Mark Makepeace, the founder and CEO of FTSE Group, said the A-shares may join the global stock benchmark index in three years, which will result in more foreign investors injecting money into the mainland.

Chen suggested supporting the development of cross-border exchange-traded funds and the growth of a cross-border bond market.

"Besides the overseas investment, private capital should also be attracted into the capital pool to support small and medium-sized businesses," Chen said.

However, he didn't outline any possible measures that the government may take to improve the investment.

According to data from the Shenzhen Stock Exchange, about 4,700 venture capital companies are holding 164 million yuan, which will be invested into high-tech companies to promote the public stock exchange boards.

"The reform target is to allow qualified companies from different industries to list on the ChiNext, or China's Nasdaq-style board," Chen said.

He also called for speeding up the listing of city commercial banks and rural commercial banks to strengthen their capital through direct financing.

Contact the writer at chenjia1@chinadaily.com.cn

 
 
...
昌都县| 门头沟区| 新田县| 柯坪县| 太和县| 镶黄旗| 拉萨市| 南城县| 贵德县| 溆浦县| 衡水市| 萨迦县| 青冈县| 四会市| 琼中| 鄂尔多斯市| 鄂伦春自治旗| 大同市| 广安市| 包头市| 曲沃县| 山阴县| 襄汾县| 罗城| 房山区| 清徐县| 峨山| 永登县| 重庆市| 金寨县| 和平区| 米易县| 南昌县| 宣武区| 甘谷县| 固镇县| 噶尔县| 泽州县| 定陶县| 石嘴山市| 汝南县|